Archer Daniels Midland Co. reported its fourth quarter and full-year 2025 financial results, highlighting resilience amid a dynamic global trade environment and ongoing uncertainty around U.S. biofuel policy.
For the fourth quarter ended Dec. 31, 2025, ADM posted net earnings of $456 million, with earnings per share (EPS) of 94 cents. Adjusted EPS, which excludes specified items, was 87 cents, down 24% from the prior year quarter. Total segment operating profit for the quarter was $821 million, a 22% decline compared to the same period in 2024.
Full-year 2025 net earnings totaled $1.1 billion, with EPS of $2.23. Adjusted EPS for the year was $3.43, down 28% from 2024. Total segment operating profit for the year was $3.2 billion, a 23% decrease from the previous year.
The company’s Agriculture Services and Oilseeds segment saw a 31% drop in fourth-quarter operating profit to $444 million, driven by lower soybean export activity and weaker crush margins. Crushing subsegment profits fell 69%, despite increased global crush volumes, due to margin pressure and reduced insurance proceeds. Carbohydrate Solutions segment operating profit declined 6% to $299 million, impacted by lower starches and sweeteners demand and higher corn costs in Europe, partially offset by stronger ethanol margins. Nutrition segment operating profit decreased 11% to $78 million, with human nutrition down 10% and animal nutrition down 15%.
ADM’s board declared a quarterly dividend of 52 cents per share, marking 53 consecutive years of dividend growth.
Looking ahead, ADM expects adjusted EPS in 2026 to range from $3.60 to $4.25, depending largely on U.S. biofuel policy clarity and crush margin trends. The company projects capital expenditures between $1.3 billion and $1.5 billion.
Chairman and CEO Juan Luciano said, “Despite external headwinds, we delivered meaningful progress through portfolio optimization, cost reductions, and improved plant efficiency. We anticipate a more constructive operating environment in 2026 as biofuel policy and global trade evolve.”
